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# Placing a stop market order
A Stop Market Order will only activate once the index price reaches a designated Stop Price. At this point, a market order will be automatically executed to either buy or sell your specified amount. Stop market orders reduces the possibility of losses on your positions as they will automatically close them out when the price falls below (for long positions) or rises above (for short positions) the stop price.
## Placing a stop market order
To place a stop market order:
1. Click **Stop Market** under the Stop dropdown menu.
2. Click **Buy** or **Sell**.
3. Type an Amount for the asset to define the total trade size.
4. Type the desired stop price; your order will trigger when the Index Price reaches this amount.
5. Review your order summary to confirm your selections.
6. Click **Place Order** to execute your order.
### Advanced stop market order options
You can edit your Good Til Time under the Advanced section in the trade box.
Max slippage is 10% for BTC/ETH and 20% for all other markets.
*Note: Stop orders trigger based off the index price or the last trade price, whichever comes first*
You may have multiple stop orders open for a given position.
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